Dell Technologies announced completion of the acquisition of EMC , creating a unique family of businesses that provides the essential infrastructure for organisations to build their digital future, transform IT and protect their most important asset, information. This combination creates a $74 billion market leader with an expansive technology portfolio that solves complex problems for customers in the industry’s fast-growing areas of hybrid cloud, software-defined data center, converged infrastructure, platform-as-a-service, data analytics, mobility and cybersecurity.
Dell Technologies serves 98% of the Fortune 500 and comprises several market leading businesses. The two largest, and most well-known, are the Dell client solutions business and the Dell EMC infrastructure solutions business, both of which are supported by Dell EMC Services.
In addition, Dell Technologies contains Boomi, Pivotal, RSA, SecureWorks, Virtustream and VMware. This unique structure combines the focus and innovation of a startup with the global scale and service of a large enterprise. Dell Technologies’ scale will enable it to deliver more innovation and investment in R&D, sales and marketing, services and support and deliver more efficient and cost-effective solutions for customers. Furthermore, while the company will publicly report its financial results, it is privately controlled, enabling it to better focus investments on its customer and partner ecosystem over the long term.
Michael Dell, Chairman and CEO of Dell Technologies, said, “We are at the dawn of the next industrial revolution. Our world is becoming more intelligent and more connected by the minute, and ultimately will become intertwined with a vast Internet of Things, paving the way for our customers to do incredible things. This is why we created Dell Technologies. We have the products, services, talent and global scale to be a catalyst for change and guide customers, large and small, on their digital journey.”
Dell Technologies blends Dell’s go-to-market strength with small business and mid-market customers and EMC’s strength with large enterprises and stands as a market leader in many of the most important and high-growth areas of the $2 trillion information technology market, including positions as a leader in twenty Gartner Magic Quadrants and a portfolio of more than 20,000 patents and applications.
Jamie Dimon, Chairman and CEO, JPMorgan Chase, commented, “I have known Michael Dell for 30 years. He’s top notch, ethical, and deeply cares about everyone he works with – both internally at his company and across the industry. I’m thrilled for Michael and the new company, and we are eager to see everything they create in the future.”
Marc Benioff, Chairman and CEO, Salesforce, added, “Michael is an incredible visionary and one of the most important leaders in our industry. He has been an amazing partner contributing to our success. Now with Dell Technologies, he is once again reshaping the technology industry.”
The announcement follows regulatory approval of the Dell and EMC transaction by China’s Ministry of Commerce, which has granted clearance for the companies’ proposed combination. MOFCOM approval was the final regulatory condition to closing the transaction. EMC shareholders approved the transaction on July 19, with approximately 98% of voting EMC shareholders casting their votes in favor of the merger, representing approximately 74% of EMC’s outstanding common stock.
Importantly we are also privately controlled, we do not have to cater to short term thinking that exists in the market, we can think in decades.
In the last three decades we have seen information and access to technology democratised. This is just the beginning, the real show is just getting started.
Dell technologies will stand at the very centre of the action, as the largest enterprise systems company in the world, more relevant to our customers and to supporting the digital transformation of our world than anyone.